It's competitively priced and the section 8 rent - if you choose to go that route - is very strong.) 

Also, why do you choose that option vs the other option?

Some banks, however, will allow you to do a "transfer of ownership" to move the property back into your personal name when refinancing, but it could involve additional costs and paperwork.Hybrid Approach:Some investors choose to buy property in their personal name, refinance with the bank for better terms, and then transfer ownership to an LLC after the refinance.

Given the choice between cash now of say $500k, or REAL equity of $600k, I choose $600k equity as long as the $600k is greater on a RISK ADJUSTED BASIS.  

(Not to make it an Eminem song, but we ALL only have one shot on this rock)...Have you thought about getting rid of the headache ones and then concentrate on the ones that are performing well?

Which option would you choose and why?

Then from there choose the lender that will give you the most beneficial terms . 

Check for Superhosts in the area with high ratings and reach out to see if they’d be open to managing your property.When choosing a management company or co-host, make sure to:Compare fees (usually 10-20% of rental income for STR management).Check reviews or ask for references.Ensure they have good local knowledge and can handle STR regulations in Indy.If you need further assistance or advice, feel free to reach out.

We have a lot of equity in it and don’t make much on it, so that’s why we want to sell.Can we choose not to allow another roommate, force them to move out if the lease is violated if they can’t pay, and move on?

If you choose to go the HML (hard money lender) route, then you may run into some loan minimum issues.Many HMLs have loan minimums ranging from 50k-100k."